Intermarine Enters Joint Venture with Zeaborn Group
Maritime Holdings Delaware, LLC, parent company of project, breakbulk and heavylift cargo carrier Intermarine, LLC has entered into a joint venture agreement with Zeaborn Group.The joint venture entity, ZeaMarine GmbH, will include the transfer of assets and operating entities from Zeaborn´s commercial activities as well as Zeaborn-owned Rickmers Line GmbH and Maritime Holdings-owned Intermarine, LLC.The shareholders of the newly-formed ZEAMARINE will also commit to fund new capital to grow the joint venture. Zeaborn Group will serve as the majority shareholder.
Lomar's Super-Eco Boxships Mark Breakthrough for Thordon Bearings
Delaware Trader, the first of two 2,700TEU newbuild containerships that China’s Guangzhou Wenchong Shipyard is delivering to Lomar Shipping this year, has been fitted with a seawater lubricated propeller shaft bearing system from Thordon Bearings.The vessel represents another breakthrough for Thordon Bearings’ COMPAC seawater lubricated propeller shaft bearing system in the European-owned containership segment.London-headquartered Lomar Shipping, a privately-owned ship owning and management company…
GLDD Wins $164 Million in Dredging Awards
Great Lakes Dredge & Dock Corporation (Great Lakes), provider of both dredging services in the United States and environmental and infrastructure services, announced the receipt of a several dredging awards totaling $164 million. the Delaware River Deepening Variation Order (Capital, Delaware, $14.3 million). The scope of work for the four coastal protection projects includes sustenance of beachfronts with sand excavated from off-shore borrow which is then used to rebuild dunes and restore the shorelines eroded by winter storms.
TGS, Fairfield Geotechnologies Join for Delaware Basin Project
TGS announces its latest multi-client project in the Delaware Basin, Quail Ridge East, which will be conducted in collaboration with Fairfield Geotechnologies. The collaboration also includes an Area of Mutual Interest (AMI) for further joint opportunities in the area.The Quail Ridge East 3D survey is optimally located on the north flank of the Delaware Basin, extending TGS' current data portfolio to cover a minimum of 330 km2 in Western Lea County, New Mexico. The area draws strong industry attention with proven production from multiple stacked zones including the prolific Delaware Sands…
Thirteen Dead as Missouri Storm Sinks 'Duck Boat'
At least 13 people including children drowned after a tourist "duck boat" sank during a storm on a lake in Missouri, and authorities were set to resume a search on Friday for other missing victims, Missouri Governor Michael Parson said.The sinking of vehicle, inspired by the amphibious landing craft used during D-Day in World War Two, marked one of the deadliest incidents at a U.S. tourist destination in recent history. Divers were still searching Table Rock Lake, a large reservoir outside the town of Branson, for missing passengers.Video of the incident showed the hull of the vessel submerging into choppy waters."Just a terrible, horrific tragic accident has occurred," Parson told CNN on Friday, noting that 13 people had been confirmed dead.
Update: 17 Dead after Missouri Tourist Boat Sinks in Storm
Divers on Friday pulled the last four bodies from the wreckage of a "duck boat" that sank in a storm in a Missouri lake, killing 17 people in one of the deadliest U.S. tourist incidents in recent years.The World War Two-style amphibious vehicle was filled with 31 passengers including children when a microburst storm hit Table Rock Lake outside the tourist city of Branson, Missouri, on Thursday. A video of the incident showed it battered by waves.Wendy Doucey, an office manager at the Stone County sheriff's office, said that divers had recovered the four bodies from the sunken duck boat. The vehicle was 80 feet (24 m) under water."It's important that we find out for sure what events did occur," Governor Michael Parson said at a Friday morning news conference.
On the Water: Prime Career Opportunities for Women
Women make up only an estimated two percent of the global maritime industry. In the U.S., the statistics are a little better, with less than eight percent of ship and boat captain operator roles held by women.Still, for a female to have the opportunity to train up to ship captain is considered “unique.” However, as predictions are being made that there will be a shortage of more than 140,000 deck or ship officers worldwide by 2025 (BIMCO/ICS), we will see more accomplished women take the helm and lead the industry forward.
GoodShipping Program Becomes First Fossil-Free Sea Cargo Transportation
The GoodShipping Program, which claims to be the world’s first global initiative established to decarbonise shipping through the use of sustainable low carbon marine fuels, has announced that five pioneering shippers are the first to save CO2 emissions through the scheme.The delivery of advanced, sustainable marine fuel by GoodFuels Marine means that the shippers participating in the inaugural program – Tony’s Chocolonely, Dopper, Blygold, Magic Marine and Mystic – collectively reduced their carbon footprint by over 40 tons."In collaboration with our partners GoodFuels Marine and Samskip…
Gulftainer Signs 50-year Lease for Port of Wilmington
Gulftainer, the world’s largest privately-owned independent port operator and logistics company based in the United Arab Emirates, finalized a 50-year concession agreement with the state of Delaware to operate and develop the Port of Wilmington, significantly expanding the company’s global footprint and reach.The agreement, signed by Gulftainer’s subsidiary GT USA, will see an expected investment of up to $600 million in the port to upgrade and expand the terminal and to turn…
Giant Iceberg Breaks off Antarctica
One of the biggest icebergs on record has broken away from Antarctica, scientists said on Wednesday, creating an extra hazard for ships around the continent as it breaks up. The one trillion tonne iceberg, measuring 5,800 square km, calved away from the Larsen C Ice Shelf in Antarctica sometime between July 10 and 12, said scientists at the University of Swansea and the British Antarctic Survey. The iceberg, which is roughly the size of the U.S. state of Delaware or the Indonesian island of Bali, has been close to breaking off for a few months.
Tidewater Reorganization Gets Court's Okay
Tidewater, one of the world's largest offshore vessel owners, said that a court in Delaware approved the company's plans for a restructuring has, which would eliminate $1.6B in debt. The US-based owner of one of the world’s largest fleets of OSVs will be able to recapitalise and refinance debt on its balance sheet. "We are very pleased that the court has confirmed our Plan within a relatively short time frame," said Jeffrey M. Platt, Tidewater's President and Chief Executive Officer.
Tidewater Emerges from Chapter 11 Bankruptcy
New Orleans-based Tidewater Inc and its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing its reorganization pursuant to the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Tidewater and its Affiliated Debtors that was confirmed on July 17, 2017 by the United States Bankruptcy Court for the District of Delaware. Capitalized terms used but not defined below have the meanings ascribed to them in the Plan, which was filed as Exhibit 2.1 to the Company's Current Report on Form 8-K filed on July 18, 2017.
The Evolving ATB Jones Act Business Model
Today’s ATB play seemingly has legs for the long haul, as operators build and market needs fluctuate. The refined product trades are always in flux. Similarly, the supply patterns for products (and for chemicals derived from oil refining) are subject to constant change. At the same time, the distribution of refined petroleum products sees great benefit from the efficiency of Articulated Tug Barges (ATBs), which have the flexibility to adjust to dynamic supply programs between refineries and myriad distribution facilities dotting the coastline. It wasn’t always like that.
New CEO Takes the Helm at Intermarine
Project, breakbulk and heavylift cargo transporter Intermarine, LLC said its president and CEO, Al Stanley, has stepped down to pursue other opportunities. Stanley was succeeded by Andre Grikitis, who assumed the role of President & CEO of Intermarine, LLC and Industrial Maritime Carriers, LLC and is responsible for the international flag services. Additionally, Will Terrill has assumed the role of president and CEO of US Ocean, LLC and is responsible for the company’s U.S. Flag services.
Two Shipwrecks Found in Lake Huron
NOAA maritime archaeologists and partners have located and identified two previously undiscovered historic shipwrecks in Thunder Bay National Marine Sanctuary. The shipwrecks are the wooden steamer Ohio (1873-1894) and the steel-hulled steamer Choctaw (1892-1915). In May 2017, a sanctuary-led expedition used high-resolution sonars to map the bottom of Lake Huron, during which they located the two ships. At the time, researchers were confident they had discovered the 202-foot Ohio and the 266-foot Choctaw.
Maria Seen Strengthening into Major Hurricane
A second powerful storm in as many weeks was bearing down on a string of battered Caribbean islands, with forecasters saying Maria would strengthen rapidly into a major hurricane as it ripped into the Leeward Islands on Monday night. Maria's strength was building as it approached the Lesser Antilles, the U.S. National Hurricane Center said, estimating its winds near 90 miles per hour (145 kph). "Maria is expected to become a major hurricane as it moves through the Leeward Islands," the forecaster said, marked by "rapid strengthening" during the next 48 hours. Maria is approaching the eastern Caribbean less than two weeks after Irma hammered the region before overrunning Florida.
After Florida, more States Press US for Offshore Drilling Exemptions
Governors and other officials from several U.S. coastal states ramped up pressure on the Trump administration on Wednesday to exempt their waters from an offshore drilling plan, hours after the Interior Department granted Florida's request to opt out. The backlash could complicate President Donald Trump's efforts to expand oil and gas production offshore. A proposed leasing plan unveiled last week aims to open up all U.S. coasts to drillers over the next five years. Alaska and Maine are the only two U.S. states whose governors have expressed support for the plan.
Coast Guard Cutter Elm Heads to Baltimore for Overhaul
The 20-year-old U.S. Coast Guard Cutter Elm is scheduled to make its way to the Coast Guard Yard in Baltimore this month for a planned major dry dock overhaul. The cutter’s departure from Atlantic Beach, N.C. will mark its last from its current homeport. After the overhaul work is completed, the Elm will report to a new homeport in Astoria, Oregon. Coast Guard Cutter Maple, which is presently undergoing a midlife overhaul of its own, will replace the Elm in Atlantic Beach this April.
California to Ban Crude from Trump Offshore Drilling Plan
California will block the transport of petroleum from new offshore oil rigs through its state, officials told Reuters, a move meant to hobble the Trump administration’s effort to vastly expand drilling in U.S. federal waters. California's threat to deny pipeline permits for transporting oil from new leases off the Pacific Coast is the latest step by states trying to halt the biggest proposed expansion in decades of federal oil and gas leasing. Officials in Florida, North and South Carolina…
Vane Brothers Launches "Vane Launch"
The Vane Brothers Company (Baltimore, MD) introduced VANE LAUNCH, a new division that builds on the company’s existing launch service offerings, a division designed to be synergistic with Vane Brothers’ bunkering operations. “Though launch services have long been a part of the Vane Brothers catalogue, the emergence of VANE LAUNCH signals a new era of expansion and increased commitment to this important business segment,” said C. Duff Hughes, President, Vane Brothers. The Vane Brothers Company…
American Pride: Working Hard in the US Dredging Industry
We have had a great first couple of months at the Dredging Contractors of America. As the new CEO and Executive Director, I have begun to visit the companies, their facilities and associated dredging projects. So far, I have surveyed the beach re-nourishment project in Ocean City, Md. undertaken by Great Lakes Dredge and Dock. I’ve canvassed Weeks Marine’s repair and yard facility in Jersey City, N.J. In the last week of February, I visited Mike Hooks Inc.’s corporate headquarters and boatbuilding and repair yard in West Lake, La.
American Waterways Operators Responds to Senate
On Wednesday, the U.S. Senate rejected legislation - Vessel Incidental Discharge Act (VIDA) - that would have simplified regulatory oversight of vessel discharges. The Coast Guard Authorization Act of 2017, due to inclusion of the Vessel Incidental Discharge Act (VIDA) within the bill, failed by three votes to reach the 60 votes needed in the United States Senate to end debate and move to a vote on final passage. While the vote tally reflected bipartisan support for the Coast Guard authorization bill with VIDA included…
EPA Announces Funding to Reduce Diesel Emissions
Preference given to fleets in areas facing air quality challenges. The U.S. Environmental Protection Agency (EPA) announced the availability of grant funding to modernize the nation’s diesel fleet by retrofitting or replacing vehicles with cleaner, more efficient diesel engines. EPA anticipates awarding approximately $40 million in Diesel Emission Reduction Program (DERA) grant funding to eligible applicants, subject to the availability of funds. “These grants will incentivize improvements to aging diesel fleets and improve air quality throughout the country…